Iran, Vietnam after deeper banking ties

MNA – CBI governor, at a meeting with deputy governor of State Bank of Vietnam, reported on efforts to create links between commercial banks of the two countries.

Speaking at a meeting with Mrs. Nguyen Thi Hong, Deputy Governor of State Bank of Vietnam (SBV), in Tehran, Governor of Central Bank of Iran (CBI) Valiollah Seif said negotiations were being held within framework of a joint banking committee between the two sides; “during the earlier visit of Iran’s President to Vietnam, the two countries voiced great willingness to expands bilateral ties.”

As per orders issued by President Rouhani, we feel committed to create necessary grounds for banking relations in a bid to facilitate and boost mutual cooperation, noted the official urging both sides to spare no effort to this end given that strong and firm banking connections are prerequisite to proper economic transactions.

He described transactions through local currencies as a suitable option for establishing links between banks of Iran and Vietnam recommending that preliminary talks be held in order to further bolster banking collaborations.

“Broker relations can now be formed between commercial banks of Tehran and Hanoi given that representatives of these banks are now more familiar with each other,” underlined CBI governor.

Seif went on to enumerate the measures taken by CBI in recent years as regards Anti-Money Laundering and Terrorist Financing Rules saying “CBI mainly aims to comply with international standards so that foreign banks will have confidence in launch partnership with Iranian counterparts.”

He also touched upon tourism industry as a venue for reinvigorations of cooperation between the two countries for which central banks of Iran and Vietnam are required to offer relevant services.

Later at the meeting, SBV deputy governor voiced satisfaction towards bilateral talks asserting that president of Iran and Vietnam were eager to deepen joint cooperation by investigating trade, banking and investment capacities.

The banking official of Vietnam called for regular holding of the joint banking committee adding “expert delegations of both sides seek to continue joint session in order to exchange experiences and resolve ambiguities in trade and banking arenas.”